Ethyl Acetate Market: Future Growth Forecast with Comprehensive Analysis of Market Segments, Competitive Insights, and Key Trends

The new report published by The Business Research Company, titled "Ethyl Acetate Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the ethyl acetate market size has grown strongly in recent years. It will grow from $4.7 billion in 2023 to $5.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The ethyl acetate market size is expected to see rapid growth in the next few years. It will grow to $7.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7279&type=smp

Surging Demand For Ethyl Acetate Fueled By Robust Growth In Paints And Coatings Applications
The increasing demand for paints and coatings is expected to propel the growth of the ethyl acetate market. Ethyl acetate is commonly used as an industrial solvent in paints and coatings to dissolve pigments and act as a hardener, which gives long-lasting effects after application to surfaces. The construction industry and the application of painting and coating to existing buildings and infrastructure for décor and protection have significantly increased the usage of paints and coatings applications. According to the European Coatings article, paints and coatings saw a rise in volume from 14 percent in 2021 to 22 percent in 2022 with the majority of applications decorating new and old infrastructure. Therefore, the increasing demand for paint and coating applications is driving the growth of the ethyl acetate market.

Major companies operating in the ethyl acetate market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the ethyl acetate market foster innovation, leverage complementary expertise and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in January 2022, CropEnergies AG, a Germany-based company specializing in the production of bioethanol and other bio-based products partnered with Johnson Matthey a UK-based specialty chemicals and sustainable technologies company. This partnership uses Johnson Matthey technology to create ethyl acetate that is renewable. Through the partnership, a variety of common products will have their fossil carbon footprint reduced, and buyers will have a great chance to keep up with the sustainability trend. John Matthey's environmentally friendly technique generates ethyl acetate while reducing carbon emissions. The facility will be built to use renewable energy to create 50,000 tons of renewable ethyl acetate annually from feedstock that is renewable ethanol.

The ethyl acetate market covered in this report is segmented -

1) By Sales Channel: Direct Company Sale, Direct Import, Distributors and Traders.
2) By Application: Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, Other Applications.
3) By End-user Industry: Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals, Other End-user Industries.

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7279&type=discount

Major companies operating in the ethyl acetate market report are Ineos Capital Limited, Techstorm Advanced Materials, Covestro AG, Sasol Ltd., Solvay SA, DuPont de Nemours Inc., Nan Ya Plastics Corporation, Eastman Chemical Company, Celanese Corporation, Olin Corporation, Huntsman International LLC, Mapei S.p.A., H.B. Fuller Construction Products Inc., ADEKA CORPORATION, Saudi International Petrochemical Company, Hexion, KAI Co. Ltd., UPC Technology Corporation, Jubilant Pharmova Limited, Atul Ltd., Wuxi Baichuan Chemical Industrial Co. Ltd., Jiangsu Sopo Group Co. Ltd., Yip's Chemical Holdings Limited, Rhodia SA, Praxair Technology Inc., Galata Chemicals Galata Chemicals LLC, Berje Inc., Daicel Corporation, Showa Denko K.K., Chang Chun Plastics Co. Ltd.

Contents of the report:
1. Executive Summary
2. Ethyl Acetate Market Report Structure
3. Ethyl Acetate Market Trends And Strategies
4. Ethyl Acetate Market - Macro Economic Scenario
5. Ethyl Acetate Market Size And Growth
…..
27. Ethyl Acetate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/ethyl-acetate-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.